$SpaceX(SPCX)$ Interesting setup heading into Q2 results.
RBC Capital maintaining an Outperform rating with a $225 price target is getting attention, especially with the stock pulling back after the initial IPO excitement.
The near-term pressure is understandable — share unlocks, market sentiment, and post-IPO volatility can create a lot of noise. But the bigger question is whether investors are looking too much at the short-term chart and missing the long-term opportunity.
SpaceX remains one of the more unique stories in the market, with strong fundamentals and long-term growth potential. The challenge now is whether the upcoming results can give bulls the confirmation they need.
I'm watching the reaction more than the headline. Good companies still need good timing.
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